Concerns About CATL's Inclusion on U.S. Defense List Look Overdone -- Market Talk

Dow Jones01-07

0650 GMT - Concerns that CATL's inclusion on a U.S. list of Chinese military companies will have a material impact on its business look overdone, Morningstar analyst Vincent Sun writes in a note. While being added to the list wouldn't impose any direct sanctions or penalties, it may discourage U.S. consumers from purchasing the company's energy-storage system batteries in the future, Sun adds. Morningstar estimates that the company's battery shipment exposure to the U.S. market is in the low-teens percentage. Any potential risk will skew toward energy-storage system batteries as U.S. automakers have been cutting their reliance on CATL batteries since the implementation of the Inflation Reduction Act, which aims to strengthen domestic supply chains and reduce dependence on China, he says. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

January 07, 2025 01:50 ET (06:50 GMT)

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Morningstar estimates that the company's battery shipment exposure to the U.S. market is in the low-teens percentage. Any potential risk will skew toward energy-storage system batteries as U.S. automakers have been cutting their reliance on CATL batteries since the implementation of the Inflation Reduction Act, which aims to strengthen domestic supply chains and reduce dependence on China, he says. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 07, 2025 01:50 ET (06:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Concerns About CATL's Inclusion on U.S. Defense List Look Overdone -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nConcerns About CATL's Inclusion on U.S. Defense List Look Overdone -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-07 14:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0650 GMT - Concerns that CATL's inclusion on a U.S. list of Chinese military companies will have a material impact on its business look overdone, Morningstar analyst Vincent Sun writes in a note. ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0003795394.USD","symbol_name":"BNY MELLON ASIAN EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2501240377","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501240377","pubTimestamp":1736232600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0650 GMT - Concerns that CATL's inclusion on a U.S. list of Chinese military companies will have a material impact on its business look overdone, Morningstar analyst Vincent Sun writes in a note. While being added to the list wouldn't impose any direct sanctions or penalties, it may discourage U.S. consumers from purchasing the company's energy-storage system batteries in the future, Sun adds. Morningstar estimates that the company's battery shipment exposure to the U.S. market is in the low-teens percentage. Any potential risk will skew toward energy-storage system batteries as U.S. automakers have been cutting their reliance on CATL batteries since the implementation of the Inflation Reduction Act, which aims to strengthen domestic supply chains and reduce dependence on China, he says. 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While being added to the list wouldn't impose any direct sanctions or penalties, it may discourage U.S. consumers from purchasing the company's energy-storage system batteries in the future, Sun adds. Morningstar estimates that the company's battery shipment exposure to the U.S. market is in the low-teens percentage. Any potential risk will skew toward energy-storage system batteries as U.S. automakers have been cutting their reliance on CATL batteries since the implementation of the Inflation Reduction Act, which aims to strengthen domestic supply chains and reduce dependence on China, he says. 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